GSA Capital Partners LLP Purchases Shares of 22,691 CubeSmart $CUBE

GSA Capital Partners LLP acquired a new stake in shares of CubeSmart (NYSE:CUBE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,691 shares of the real estate investment trust’s stock, valued at approximately $902,000.

Several other large investors have also modified their holdings of the stock. Norges Bank purchased a new stake in CubeSmart in the fourth quarter valued at approximately $395,968,000. Millennium Management LLC raised its stake in CubeSmart by 201.5% during the fourth quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock worth $98,763,000 after purchasing an additional 1,830,993 shares during the period. Alyeska Investment Group L.P. raised its stake in CubeSmart by 36.4% during the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock worth $174,185,000 after purchasing an additional 1,143,464 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of CubeSmart by 73.6% in the 4th quarter. Hsbc Holdings PLC now owns 1,726,419 shares of the real estate investment trust’s stock valued at $62,260,000 after purchasing an additional 731,883 shares during the last quarter. Finally, Vision Capital Corp acquired a new position in shares of CubeSmart in the 4th quarter valued at $19,707,000. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

CubeSmart Stock Performance

CubeSmart stock opened at $41.04 on Wednesday. The firm has a market capitalization of $9.24 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 6.82 and a beta of 1.07. CubeSmart has a one year low of $35.09 and a one year high of $43.26. The stock’s 50 day moving average price is $41.14 and its 200 day moving average price is $39.80. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.25). CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The firm had revenue of $286.49 million during the quarter, compared to analyst estimates of $281.12 million. During the same period last year, the business earned $0.65 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. As a group, sell-side analysts expect that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 annualized dividend and a yield of 5.2%. CubeSmart’s payout ratio is 146.21%.

Analysts Set New Price Targets

CUBE has been the subject of a number of research analyst reports. UBS Group upped their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Truist Financial lifted their target price on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Barclays raised CubeSmart from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $45.00 to $46.00 in a research report on Friday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, July 15th. Finally, Raymond James Financial started coverage on CubeSmart in a report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.50.

About CubeSmart

CubeSmart (NYSE: CUBE) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company’s portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart’s facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.